"1) “Bitcoin however is not managed or controlled by a central government or organization. Instead, the network is run on thousands of independent user’s computers. None of these computers have more control over the network than any other computer.”"

1) Bitcoin is decentralised and not controlled by any individual, private group or authority. It exists as a network of computer that all work together to form a consensus. All nodes on the network are considered equal and none is more important that the other. The network is open and free to join for all those who wish to participate.